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$400,000 Just Listed

  • For Sale
  • Active
  • Duplex
  • 3 Full Baths
  • 2,240 Sq. Ft.
  • 0.1 Acres
  • Updated 9 hours ago
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Live on the Kennebec River, steps from everything downtown Hallowell has to offer. All this with rental income to help pay the mortgage. This two-unit property combines water frontage, in-town convenience, and strong rental income. Both units have been remodeled, the first floor was completely redone in 2024 and the exterior has just been painted. Each unit has new appliances, new flooring, new kitchen cabinets and new electrical. The one-bedroom, first floor, unit features hardwood flooring and a private deck overlooking the river, and it can come fully furnished. The second unit is a two-story, four-bedroom, two-bath with hardwood floors on the first floor, beautifully remodeled bathrooms, and a washer and dryer included. A boat launch nearby gives you easy river access, and downtown shops and restaurants are within walking distance from your front door. The property is located in the Downtown district, which allows for business use and opens the door to live-work arrangements, office space, or a storefront (confirm exact use with CEO). Whether you're an investor looking for steady and profitable rental income or an owner-occupant who wants to live on the river and let the other unit help pay the mortgage, this is a rare find in downtown Hallowell.

Full Property Details for 230 Water St

General

  • Price: $400,000
  • Taxes: $2,865 (2025)
  • Status: Active
  • Type: Duplex
  • Source: MREIS
  • MLS ID: 1684319
  • Updated: 10/14/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: 1st Floor Bedroom, Shower
  • Furnishings: Partially
  • Flooring: Laminate, Vinyl, Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Other Rooms

  • Laundry: Main Level, Upper Level, Washer Hookup

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Parking Features: Paved, 1 - 4 Spaces, On-Site Parking, Other Parking

Location

  • County: Kennebec

School Information

  • High School District: RSU 02

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Oil, Propane, Baseboard, Hot Water, Zoned

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Federal
  • Structure Type: Duplex
  • Construction: Wood Frame, Wood Siding
  • Basement: Yes
  • Basement Desc.: Interior Entry, Walk-Out Access, Full, Unfinished
  • Roof: Shingle
  • Windows: Double Pane Windows
  • Stories/Levels: 2
  • Square Feet: 2,240
  • Finished Total: 2,240 Sq. Ft.
  • Finished Above Grnd: 2,240 Sq. Ft.
  • Year Built: 1900

Lot Features

  • Property View: Scenic
  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,356
  • Zoning: Downtown District
  • Lot Description: Business District, Historic District, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Level, Open Lot, Rolling Slope, Sidewalks

Water Features

  • Water Front: Yes
  • Water Front Name: Kennebec River

Financial Considerations

  • Operating Expenses: $17,204
  • Tax Amount: $2,865
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 193

Listed by Real Broker (207) 272-3984

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Listing agents

— 230 Water St —

  • Real Broker

    207-272-3984

  • Real Broker

    207-272-3984

207-212-1523

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 230 Water St

School District:Regional School Unit 02
NameGradesDistance
Hall-Dale Elementary School
26 Garden Lane, Hallowell, ME 04347
PK-50.9 mi
Hall-Dale Middle and High School
97 Maple Street, Farmingdale, ME 04344
6-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 230 Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/14/2026
Listed
$400,000
122.22%
MLS
6/03/2022
Sold
$180,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 230 Water St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,865
-4%
$150,000
—
2024
$2,985
19%
$150,000
37%
2023
$2,515
13%
$109,100
9%
2022
$2,229
4%
$100,400
—
2021
$2,139
-1%
$100,400
—
2020
$2,159
1%
$100,400
—
2019
$2,139
8%
$100,400
—
2018
$1,978
—
$100,400
—
2017
$1,978
4%
$100,400
—
2016
$1,898
7%
$100,400
—
2015
$1,767
—
$100,400
—
2014
$1,767
3%
$100,400
—
2013
$1,717
—
$100,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Real Broker (207) 272-3984

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230 Water Street, Hallowell, ME 04347 (MLS# 1684319) is a Duplex property with 0 bedrooms and 3 full bathrooms. 230 Water Street is currently listed for $400,000 and was received on October 14, 2026. Want to learn more about 230 Water Street? Do you have questions about finding other Duplex real estate for sale in Hallowell? You can browse all Hallowell real estate or contact a Coldwell Banker agent to request more information.

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